JOURNAL ARTICLE

Fugitive Financier Sought Trump Pardon for 1MDB Fraud.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Hurtado, Patricia 3 of 3

Abstract

The article focuses on Jho Low, a Malaysian financier accused by the US of orchestrating a $4.5 billion fraud involving Malaysia’s sovereign wealth fund, 1Malaysia Development Berhad (1MDB). Low, who has evaded arrest since being charged in 2018, submitted a pardon application to the US Justice Department in 2024, seeking clemency after completion of sentence. The 1MDB scandal implicated former Goldman Sachs bankers who paid bribes to foreign officials, including former Malaysian Prime Minister Najib Razak, and led to multiple prosecutions and a $5 billion settlement by Goldman Sachs. Testimony during related trials revealed claims that Low sought support from former US President Donald Trump and his adviser Jared Kushner to end the US investigation. The pardon request remains pending, with no further details disclosed. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/05, pN.PAG
  • Document Type:Article
  • Subject Area:Law
  • Publication Date:2026
  • Accession Number:193686576
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